AXQ Capital LP purchased a new position in shares of Valvoline Inc. (NYSE:VVV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 22,125 shares of the basic materials company's stock, valued at approximately $800,000.
A number of other large investors also recently modified their holdings of the business. Sei Investments Co. boosted its position in Valvoline by 2.5% during the fourth quarter. Sei Investments Co. now owns 552,660 shares of the basic materials company's stock valued at $19,995,000 after purchasing an additional 13,698 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Valvoline during the 4th quarter worth approximately $314,000. Quantbot Technologies LP boosted its holdings in shares of Valvoline by 6.5% in the 4th quarter. Quantbot Technologies LP now owns 77,454 shares of the basic materials company's stock valued at $2,802,000 after buying an additional 4,704 shares during the last quarter. Sciencast Management LP bought a new position in shares of Valvoline in the fourth quarter valued at $238,000. Finally, 1620 Investment Advisors Inc. grew its stake in shares of Valvoline by 560.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 2,556 shares of the basic materials company's stock valued at $92,000 after buying an additional 2,169 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
VVV has been the subject of a number of recent analyst reports. Mizuho cut their price target on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Stifel Nicolaus assumed coverage on shares of Valvoline in a research note on Friday, December 20th. They issued a "hold" rating and a $42.00 target price for the company. Royal Bank of Canada boosted their price target on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $38.00 target price (down from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Valvoline currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.40.
Check Out Our Latest Report on VVV
Valvoline Stock Performance
Shares of VVV stock traded up $0.47 on Wednesday, hitting $35.32. The company's stock had a trading volume of 1,383,084 shares, compared to its average volume of 1,277,349. Valvoline Inc. has a fifty-two week low of $33.90 and a fifty-two week high of $48.27. The company has a market capitalization of $4.49 billion, a PE ratio of 16.90 and a beta of 1.48. The stock's 50 day moving average is $36.86 and its 200-day moving average is $38.66. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70.
Valvoline (NYSE:VVV - Get Free Report) last announced its earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. Equities research analysts expect that Valvoline Inc. will post 1.63 earnings per share for the current fiscal year.
Insider Buying and Selling at Valvoline
In other news, insider Julie Marie O'daniel sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total value of $224,460.00. Following the completion of the transaction, the insider now directly owns 15,305 shares in the company, valued at approximately $572,560.05. The trade was a 28.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.66% of the company's stock.
Valvoline Profile
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Free Report)
Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.
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